Chip-equipment subsystems supplier Newport Corp. has entered into a definitive agreement to sell its robotic systems operations.
The unit has been reflected as a discontinued operation since the first quarter of 2005. The terms of the transaction were not disclosed.
Located in Richmond, California, the company's robotic systems operations serve the front-end semiconductor equipment industry with wafer-handling subsystems such as atmospheric robots, load ports and equipment front-end modules.
Newport will retain ownership of the high-precision motion stage systems manufactured in Richmond, and will continue to sell, service and support these products through its sales and distribution channels. The company noted that sales from this product line have been approximately $4.0 million to $5.0 million annually.